Acacia Subsidiaries Enter into Settlement Agreement with Micron

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Acacia Research Corporation (NAS: ACTG) announced today that its Advanced Data Access LLC subsidiary, its Smart Memory Solutions LLC subsidiary, and its Semiconductor Technology LLC subsidiary have entered into a settlement and license agreement with Micron Technology, Inc., Micron Semiconductor Products, Inc., and Micron Technology Texas, LLC. This agreement resolves litigation that was pending in the United States District Court for the Eastern District of Texas and the United States District Court for the District of Delaware.

ABOUT ACACIA RESEARCH CORPORATION

Acacia Research Corporation's subsidiaries partner with inventors and patent owners, license the patents to corporate users, and share the revenue. Acacia Research Corporation's subsidiaries control over 250 patent portfolios, covering technologies used in a wide variety of industries.

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